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Unions and Wage Inequality: The Roles of Gender, Skill and Public Sector Employment
Card, David; Lemieux, Thomas; Riddell, W. Craig - 2018
unionized employees in North America are women. While early studies of unions and inequality focused on males, recent studies … examine both and reveal striking gender differences. A consistent - and puzzling - finding is that unions reduce wage …, unions reduce economy-wide wage inequality by less than 10% in both countries. However, union impacts on wage inequality are …
Persistent link: https://www.econbiz.de/10011984524
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Unions and the labor market for managers
DiNardo, John E.; Hallock, Kevin F.; Pischke, Jörn-Steffen - 2000
firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10011333286
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Unions and wage inequality : the roles of gender, skill and public sector employment
Card, David E.; Lemieux, Thomas; Riddell, William Craig - 2018
unionized employees in North America are women. While early studies of unions and inequality focused on males, recent studies … examine both and reveal striking gender differences. A consistent - and puzzling - finding is that unions reduce wage …, unions reduce economy-wide wage inequality by less than 10% in both countries. However, union impacts on wage inequality are …
Persistent link: https://www.econbiz.de/10011949616
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Does wage rigidity really exist? : new evidence from US panel data
Blanckenburg, Korbinian von; Geist, Alexander; Schmidt, … - 2009
Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...
Persistent link: https://www.econbiz.de/10009355446
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Sticky wages in search and matching models in the short and long run
Reicher, Christopher Phillip - 2011
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage bargaining. It turns out that there is a strong tradeoff inherent in assuming that previously bargained sticky wages apply to new hires. If sticky wages apply to new hires, then the...
Persistent link: https://www.econbiz.de/10009232255
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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10003827155
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A test of the "Krugman hypothesis" for the United States, Britain, and Western Germany
Puhani, Patrick A. - 2003
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...
Persistent link: https://www.econbiz.de/10011448440
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A Test of the 'Krugman Hypothesis' for the United States, Britain, and Western Germany
Puhani, Patrick A. - 2021
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...
Persistent link: https://www.econbiz.de/10013319961
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Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries
Ghosal, Vivek; Loungani, Prakash - 1998
We provide a set of stylized facts on the response of industry nominal wage growth to aggregate and industry- specific influences using annual data for 450 U.S. manufacturing industries over the period 1958 to 1989. We find support for the canonical wage contracts model; the response of nominal...
Persistent link: https://www.econbiz.de/10014115176
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Sticky Wages on the Layoff Margin
Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs, and one third would accept a 25 percent cut....
Persistent link: https://www.econbiz.de/10014337762